The State of Oklahoma Area Home Supply Charts

This page looks at a variety of Oklahoma housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Oklahoma depicts it has a Housing Units of 1,741,721 which is the third most housing units of all other states in the greater Oklahoma region.

Figure 2 illustrates the housing density in the Oklahoma housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) the state of shows it has a Housing Density of 25.3 which is in the mid range of other states in the metropolitan area. The state with the highest housing density in the group is Louisiana which depicts a density of 47.8 (about twice as large).

In Figure 3, Oklahoma area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. the state of indicates it has a Housing Unit Change of 4.6% which is the third most housing units of all other states in the greater Oklahoma region. The state with the highest change in the housing units in the group is Texas which shows a housing units of 14.6% (approximately 3.1 times bigger).

Figure 4 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) the state of shows it has a Renter Percent of 33.9% which is the second most renter percent of all the states in the greater Oklahoma region. Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 66.1% which is the third most owner percent of all other states in the greater Oklahoma region.

The State of Oklahoma Home Cost Charts

Figure 7 provides aggregate comparative data for the Oklahoma metro area in terms of the median housing rental rate, apartment rent, etc. the state of shows it has a Median Gross Rent of $862 which is the third most rental rates of all other states in the greater Oklahoma region. The state with the highest rental rates in the group is Texas which depicts a rental rates of $1,146 (32.9% larger).

Median owner costs for the real estate market are shown in Figure 8 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. the state of depicts it has a Median Owner Cost of $847 which is the second most of all the states in the local area. Figure 9 shows the median amount of cost as a percent of total household income for people who own homes in the Oklahoma metro area. it has a Owner Cost as % of HH Income of 15% which is the second most cost as a percent of household income of all the states in the greater Oklahoma region. The next chart, Figure 10, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. the state of depicts it has a Median Home Value as Percent of Median Earnings of 338% which is the third most of all other states in the surrounding region.

Next shown in Figure 11 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) the state of shows it has a % of Income Owner Costs-With Mortgage of 19% which is the third most cost as a percent of household income of all other states in the greater Oklahoma region. The state with the highest cost as a percent of household income in the group is Texas which shows a cost as a percent of household income of 21% (9.4% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 12. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. the state of depicts it has a % of Income Owner Costs-No Mortgage of 9% which is the second most cost as a percent of household income of all the states in the greater Oklahoma region. The state with the highest cost as a percent of household income in the group is Texas which depicts a cost as a percent of household income of 11% (24.4% larger).

Figure 13 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Oklahoma has the largest proportion of rent as a percent of income is less than 10 pct at 23% of the total and is ranked #1. Second, it has the smallest proportion of rent as a percent of income is between 20pct to 30pct at 13% of the total.

Figure 15 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,351 which is the second most of all the states in the local area. The state with the highest median real estate taxes paid in the group is Texas which depicts a taxes paid of $3,520 (approximately 2.6 times bigger).

Figure 16 shows the percentage of renters who pay for utilities in Oklahoma. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Oklahoma has the largest proportion of pay extra for utilities at 9% of the total and is ranked #1.

The State of Oklahoma Home Characteristics Charts

Figure 19 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1979 which is in the mid range of other states in the greater region. The state with the highest year built in the group is Texas which depicts a year built of 1988 ( about the same size).

Figure 20 looks at the distribution of housing units by the median age that the homes were built. has the smallest proportion of homes built in 2020 or later at 9% of the total. Second, it has the smallest proportion of homes built between 2010 to 2019 at 13% of the total. Third, it has the smallest proportion of homes built between 2000 to 2009 at 11% of the total. Also, it has the smallest proportion of homes built between 1990 to 1999 at 14% of the total. In addition, it has the largest proportion of homes built between 1980 to 1989 at 18% of the total and is ranked #1. Furthermore, it has the largest proportion of homes built between 1960 to 1969 at 10% of the total and is ranked #1. Next it has the largest proportion of homes built between 1950 to 1959 at 5% of the total and is ranked #1. Additionally, it has the largest proportion of homes built between 1940 to 1949 at 7% of the total and is ranked #1. Figure 21 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2015 to 2018 at 20% of the total and is ranked #1. Second, it has the smallest proportion of owners moved in 2010 to 2014 at 27% of the total. Third, it has the smallest proportion of owners moved in 2000 to 2009 at 12% of the total. Figure 22 shows the year that people who rent moved into the area. Oklahoma has the smallest proportion of renters moved in 2015 to 2018 at 16% of the total.